The Conceptual Framework of Economic Cooperation and Integration between Oic: Emperical Evidence on Effects of Trade on Cooperation and Integration

Ibrahim Mohamed ibrahim eldeeb , Prof. Madya. Dr. Asmaddy Bin Haris , Prof.Dato.Dr Muhamad bin Muda

Islamic Science University of Malaysia, Nilai, Malaysia

DOI: https://doi.org/10.35609/gcbssproceeding.2021.12(79)

ABSTRACT


This study aims to illustrates the conceptual framework of economic cooperation and integration between OIC countries. This paper follows descriptive analysis approach to describe the conceptual framework of cooperation and integration between OIC countries. This paper describes the conceptual framework of economic cooperation and integration between OIC. It explores the channels through which trade can contribute to cooperation and integration. This study highlighted the cooperation between OIC in the light of economic integration theory. The results of this study discovers the dynamic relationship between trade balance and macroeconomic elements. This study also explains the empirical evidence on effects of trade on cooperation and integration.


Keywords: Economic Cooperation, Economic integration theory, Trade Balance and Macroeconomic Elements.

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